Posts Tagged ‘monero’

Monero’s planned upcoming hardfork to the new CryptoNight/CryptoNote V8 proof of work algorithm is going well and will just about a day left and miners already supporting the V8 algorithm people are getting ready to mine XMR. Even services such as MiningRigRentals where you can rent or lease mining rigs are already supporting the new V8 algorithm with rigs available. NiceHash however has also added support for V8, including support for their latest NiceHash Miner, so you can expect quite a lot of hashrate after the fork coming from the service.

The SUQA project that we recently introduced is continuing to gain more interest from users and its X22i algorithm has just been added to MRR. The good news for miners is that X22i is still too new and not big enough to catch the interest of NiceHash, though if things continue this way it will happen sooner or later. Anyway, SUQA is developing nicely with network hashrate growing as more users join the mining process and the project is progressing well on their announced roadmap, even though there is still some skepticism surrounding the 10% developer fee from each mined block.

Monero (XMR) has already forked to the new CryptoNight7 POW algorithm, invalidating the existing and probably the upcoming CryptoNight ASIC miners and we have already seen a significant decrease in the network hashrate and difficulty as a direct result. Since CryptoNight is originally doing better on AMD hardware the people with AMD GPU mining rigs are probably switching to CryptoNightV7 mining and there are a couple of miners available that you can use. As we ave already written in advance, there are some good options available with CryptoNightV7 support for AMD RX VEGA GPUs. Although the Xrig and Cast-XMR miners that are probably best for VEGA, they can also work on RX 4xx/5xx series of GPUs, but owners of other AMD GPUs should probably prefer to go for Claymore’s CryptoNote AMD GPU Miner v11.3. The latest version does come with removed developer fee, so it is completely free now and adds support for the Monero hardfork, you just need to add the option -pow7 1 and you are good to go with CryptoNightV7 mining. Meanwhile there are other CryptoNight coins moving to CryptoNightV7, so make sure you are ready for them as well…

Nvidia GPU miners are also not forgotten and also have support for the new CryptonightV7 coins from the most popular miner out there that supports CUDA – KlausT’s ccminer-cryptonight fork. Nvidia GPUs however are as not as well performing compared to AMD GPUs, so the interest there for CryptoNight coins isn’t that big, but you never know when you can get a good profit even with Nvidia GPUS mining CryptoNight coins as well. With ccminer-cryptonight just make sure that you select the proper algorithm, depending on the coin you mine, the latest version adds support for cryptonight, monero, graft and stellite with the last one generating a lot of interest apparently. The latest NiceHash Excavator miner still in alpha also has added support for CryptoNightV7 (also included in the NiceHash Miner), so you might want to check it out as well if you are interested.

We are not surprised by the announcement from Halong Mining about their new DragonMint X1 and DragonMint X2 Cryptonight ASIC miners as the company had already mentioned on twitter a few days ago that they will be releasing such miners. The Halong Mining DragonMint X1 miner should be capable of 124 KH/s hashrate with 245W power usage, costs $1714 USD with a power supply and should start shipping in April 25-30. The more Halong Mining DragonMint X2 miner, as the name suggests, should be offering double the performance or with other words 248 KH/s at 490W of power usage at a slightly better price than ordering two X1 miners – $3115 USD with a power supply and shipping should also start by the edn of next month (April).

This offer is more like a real competition to Bitmain’s X3 Cryptonight ASIC miners performance wise and at a much better price and shipping earlier. What is there not to like in some real competition on the Cryptonight ASIC miners, but then again these devices might also end up as expensive door holders as well by the time they start shipping. With Monero (XMR) and other Cryptonight-based crypto currencies announcing plans to fork to a new version of the algorithm that should make them ASIC proof again things are not looking very favorable for ASIC miners. So again a word of warning if you are interested in the recent wave of Cryptonight ASIC miners, be extra careful when making your plans should you decide to order any of the miners already available or coming soon to the market.

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